If convicted of Unlicensed Practice of Real Estate in Florida, a judge can impose any combination of the following penalties: Up to five (5) years in prison. Up to five (5) years of probation. Up to $5,000 in fines.
What is Florida Chapter 475?
475.001 Purpose. —The Legislature deems it necessary in the interest of the public welfare to regulate real estate brokers, sales associates, and schools in this state. History.
Can you sell real estate without a license in Florida?
Unlicensed Real Estate Agents Operate Illegally
It is a felony under Florida Statute 489.127 to act as a real estate broker or a real estate agent in the State of Florida without proper licensure.
Can you pay a referral fee to an unlicensed person in Florida?
An agent may pay an unlicensed person for referrals of potential clients as long as it complies with s.
What is the purpose of FS 475?
Chapter 475, F.S., relates to real estate brokers, salesmen, and real estate schools, and sets forth certain regulatory requirements and prohibited activities to be administered and enforced by the Florida Real Estate Commission within the Department of Professional Regulation.
What is a legally sufficient complaint?
A complaint is legally sufficient if it contains ultimate facts that show that a violation of this chapter or of any rule adopted by the department or the board has occurred. In order to determine legal sufficiency, the department may require supporting information or documentation.
Can an unlicensed real estate assistant show property in Florida?
According to the policy, unlicensed assistants may not perform the following activities: Host open houses, kiosks, home show booths or fairs, or hand out materials at such functions. Show property. Answer any questions from consumers on listing, title, financing, closing, etc.
Can a residential realtor sell commercial property in Florida?
Can a Residential Real Estate Agent Sell Commercial Property? Yes. A real estate agent can sell any type of property, either commercial or residential.
Is a finder’s fee legal?
A finder’s fee isn’t legally binding, so it is often simply a gift from one party to another. This is commonly seen in real estate deals. If someone is selling their home and their friend connects them with a potential buyer, the seller might give their friend a small portion of the sale when the deal is finalized.
Are finder’s fees legal in Florida?
It is a violation of s. 475.25(1)(h) and punishable under s. 475.42 for a property management firm or any owner of an apartment complex to pay a finder’s fee or a referral fee to an unlicensed person unless expressly authorized by this subsection.
How do I make my Florida real estate license voluntary inactive?
A licensee may change an active license to a voluntary inactive license by submitting the request to the Florida Department of Business and Professional Regulation. This is known as a voluntary inactive license.
Which individual is exempt from the licensing requirements of Florida Statute 475?
(d) The plumber must first be licensed under F.S. 475, Part II. Persons appointed by a court of law to perform real estate services are exempt from real estate licensing requirements when employed by government agencies, railroads, rural electric cooperatives, or public utilities.
Which individual is not exempt from holding a Florida real estate license?
Which individual is NOT exempt from holding a Florida real estate license? Certified public account (CPA) who is employed by a real estate corporation and received a salary plus bonuses based on real estate transactions. CPAs, when acting within the scope of their professional duties, are exempt from licensure.
What is the maximum number of years a member may serve on the Florida real estate Commission?
2. What is the maximum number of years a member may serve on the Florida Real Estate Commission? FREC members are appointed for a 4-year term. Members may not serve more than two consecutive terms, although there is no maximum number of years they may serve as long as no more than two terms are consecutive.